Mainly Because of Large Current Account Deficits, the United States

question 70

Multiple Choice

Mainly because of large current account deficits, the United States

• A)is the leading exporting nation in the world.
• B)has experienced increased foreign ownership of assets in the United States.
• C)has the world's highest saving rate.
• D)is experiencing an increase in its net inflow of investment income.

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Definitions:

Revenue

The total income generated by a company from its business activities, including sales of goods or services before any expenses are deducted.

Asset

An economic resource owned or controlled by an individual or company, expected to provide future benefits.

Liability

A financial obligation or debt owed by a business to an external entity that must be repaid.

Accounts Payable

A current liability account that represents amounts owed by a business to creditors for purchases or services received.